How does a VAT work? Here’s why Europe’s consumption tax has Trump vowing reciprocal tariffs
A value-added tax is not a tariff, but Trump blames it for America’s trade deficit with the European Union.
Santa Rosa Press Democrat15m
Trump's reciprocal tariffs will overturn decades of trade policy
WASHINGTON (AP) — President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The ...